Among the new elements are the next generation vehicles, mobility as a service, Industrial Revolution 4.0 and artificial intelligence.

The international trade and industry ministry is currently conducting a review of the policy.

“It will be a holistic policy that covers the comprehensive development of the automotive industry, including areas such as supply chain, human capital, development of charging facilities, aftermarket and others,” its minister Darell Leiking said at the launch of Perodua Aruz here today.

He said the Malaysian automotive industry contributed about RM40 billion to Malaysia’s gross domestic product.

The industry, employing a workforce of more than 600,000, comprises 27 vehicle manufacturers (OEMs), an estimated 53,000 aftermarket establishments, and about 700 parts and components suppliers.

Leiking also said vehicle sales were also more positive in 2018.

A total of 550,526 units were sold from January to November, up 5.5% from 521,907 units sold during the same period in 2017.

“Perodua has a market share of almost 38%. With the introduction of the Aruz into the Malaysian market, it will further strengthen the national car manufacturer’s market share,” he said.

The Aruz — Perodua’s latest sport utility vehicle (SUV) — has received 2,200 bookings since Jan 3.